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Re: 2.875% mortgage pay-off financially justifiable?

I paid off a 3.25% mortgage early. Sure, you *might* make more money investing the money in stocks, but you might not. Why borrow and pay any amount of interest if you don't have to?
by DTSC
Thu Jan 29, 2015 2:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2.875% mortgage pay-off financially justifiable?
Replies: 14
Views: 833

Re: Hawaii Visit (Maui). Need advice

Best advice I can give - skip out on the conference if you can! Life is short!
by DTSC
Sun Jan 25, 2015 11:27 am
 
Forum: Personal Consumer Issues
Topic: Hawaii Visit (Maui). Need advice
Replies: 31
Views: 2325

Re: "Wining and dining" in medical community

No wining and dining here. Never mind the money, who has time?
by DTSC
Mon Jan 19, 2015 10:05 am
 
Forum: Personal Consumer Issues
Topic: "Wining and dining" in medical community
Replies: 35
Views: 3505

Re: Instant coffee

Trader Joe's Columbian is not bad
by DTSC
Sat Jan 17, 2015 10:20 pm
 
Forum: Personal Consumer Issues
Topic: Instant coffee
Replies: 34
Views: 3342

Re: Should I Declare Victory and Pack It In?

Thanks for the kind words. I think any income going forward will be relatively low because I just don't have the drive/guts/heart to do the major cases anymore. I feel more comfortable with office work and minor outpatient cases. Just the honest truth. So $200ish would probably be fair in all since...
by DTSC
Fri Jan 16, 2015 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16590

Re: Young Investor Looking For Advise

Any 401K or 403B plan at work? Are you self employed such that you can open your own 401K plan? I'm a self employed freelancer. I've considered LLC-ing myself, but honestly haven't had the time to fully look into it. So in the mean time, it's just my Roth IRA and my brokerage account. However, upon...
by DTSC
Fri Jan 16, 2015 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor Looking For Advise
Replies: 14
Views: 1442

Re: Young Couple Seeking Portfolio Advice

How much in Capital Gains tax do you have to pay when you sell the Publix stock? How long have you held it? I'm all for paying off the higher interest student loans, but not if you are taxed quite a bit to do so. Instead, maybe you can contribute just enough to get the 401K match and use the extra ...
by DTSC
Fri Jan 16, 2015 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Couple Seeking Portfolio Advice
Replies: 8
Views: 849

Re: Should I Declare Victory and Pack It In?

"In the end if a couple with no glaring liabilities can't live on 2.7mill. for 30 yrs. with SS in the next 10 yrs. there is something wrong. " +1 :happy It is all about lifestyle choices. For someone making 500k, living on the 100k or so that 2.7 million implies might be an unacceptable c...
by DTSC
Fri Jan 16, 2015 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16590

Re: Vanguard or Somewhere Else (Solo 401k)

As the manager of my wife's solo 401K plan, we've used both Vanguard and Fidelity. Both are easy to set up. We use Fidelity now as it allows incoming IRA rollovers and we wanted to eventually do a backdoor Roth. If this is not important to you, I would use Vanguard for the logistical reason - Vangua...
by DTSC
Fri Jan 16, 2015 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard or Somewhere Else (Solo 401k)
Replies: 13
Views: 1565

Re: Young Investor Looking For Advise

Any 401K or 403B plan at work? Are you self employed such that you can open your own 401K plan?
by DTSC
Fri Jan 16, 2015 11:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor Looking For Advise
Replies: 14
Views: 1442

Re: Young Couple Seeking Portfolio Advice

How much in Capital Gains tax do you have to pay when you sell the Publix stock? How long have you held it? I'm all for paying off the higher interest student loans, but not if you are taxed quite a bit to do so. Instead, maybe you can contribute just enough to get the 401K match and use the extra i...
by DTSC
Fri Jan 16, 2015 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Young Couple Seeking Portfolio Advice
Replies: 8
Views: 849

Re: Should I Declare Victory and Pack It In?

WormWood wrote:I’d like to quit, in other words.

I’m tired.


Enough said! How many more years did you plan to work anyway, even if there changes in the hospital?

I think doing Locum tenens is a great idea. You can keep your skills up in case you want/need to come out of retirement.
by DTSC
Fri Jan 16, 2015 10:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I Declare Victory and Pack It In?
Replies: 173
Views: 16590

Re: help with portfolio for couple in mid to very late 80s

If you haven't done so, make sure your father is enrolled with the VA and also signs up with whatever Veterans services are available to him. Sign up NOW as it may take months (years) for the application to grind through the system. He might never need any services, but it's good to have just in ca...
by DTSC
Mon Jan 12, 2015 3:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: help with portfolio for couple in mid to very late 80s
Replies: 20
Views: 2527

Re: Helping adult child understand investing

In terms of educating your daughter, give her Mike Piper's book - Investing Made Simple. Very concise and easy to understand. Not at all intimidating. Even less so that Bogleheads Guide http://www.amazon.com/Investing-Made-Simple-Index-Explained-ebook/dp/B004KA9RN2/ref=sr_1_4?s=digital-text&ie=U...
by DTSC
Mon Jan 12, 2015 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping adult child understand investing
Replies: 38
Views: 3344

Re: student loan

Check out http://whitecoatinvestor.com/ and also buy his book. A must read for a new dentist. It's the best $10 I ever spent. (I don't get any financial benefit from promoting this book)
by DTSC
Sat Jan 10, 2015 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: student loan
Replies: 6
Views: 755

Re: help with portfolio for couple in mid to very late 80s

Replying more to give you a bump. If you haven't done so, make sure your father is enrolled with the VA and also signs up with whatever Veterans services are available to him. Sign up NOW as it may take months (years) for the application to grind through the system. He might never need any services,...
by DTSC
Sat Jan 10, 2015 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: help with portfolio for couple in mid to very late 80s
Replies: 20
Views: 2527

Re: Older Brother is a New MD

3 words: White Coat Investor

Go to whitecoatinvestor.com


Buy him the WCI book. It's the best $10 any doctor can spend
by DTSC
Sat Jan 10, 2015 1:16 am
 
Forum: Investing - Theory, News & General
Topic: Older Brother is a New MD
Replies: 24
Views: 3227

Re: Florida West Coast vacation with small kids

Just 1 piece of general advice: Make sure your kids have played on a beach before, and like playing on a beach. Several summers ago, we took our 4 and 2 year old daughters to the Florida panhandle. We got a nice beachfront condo, etc. They played on the beach a couple days, but then discovered the p...
by DTSC
Fri Jan 09, 2015 10:39 pm
 
Forum: Personal Consumer Issues
Topic: Florida West Coast vacation with small kids
Replies: 24
Views: 2604

Re: What do you drive, and why?

4 door 2012 Mazda 3

40 mpg on the highway, near 30 mpg in the city (depends on weather)
Fun to drive
Paid <$25K, new
by DTSC
Wed Jan 07, 2015 2:56 pm
 
Forum: Personal Consumer Issues
Topic: What do you drive, and why?
Replies: 205
Views: 16987

Re: Start a Roth IRA for Grandson

I think it's legit as long as you pay him the market rate for his work - you can't pay him $50 per hour for yard work when professional landscapers are getting $10-15. The question is whether you'll have 200 hours of yard work for him to do (and whether he wants to do 200 hours of yardwork) Thanks ...
by DTSC
Mon Jan 05, 2015 11:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Start a Roth IRA for Grandson
Replies: 30
Views: 2134

Re: Start a Roth IRA for Grandson

I think it's legit as long as you pay him the market rate for his work - you can't pay him $50 per hour for yard work when professional landscapers are getting $10-15. The question is whether you'll have 200 hours of yard work for him to do (and whether he wants to do 200 hours of yardwork)
by DTSC
Mon Jan 05, 2015 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Start a Roth IRA for Grandson
Replies: 30
Views: 2134

Re: H&R Block Tax Software - Low Prices at Amazon

How do you like this software package versus TurboTax?
by DTSC
Fri Jan 02, 2015 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software - Low Prices at Amazon
Replies: 38
Views: 2313

Re: New Boglehead Seeking Advice

Responding more to give you a bump I would do 3 funds rather than 4. Just keep it simple. Generally, you should consider all of your money as a whole - not "inherited" versus "earned" money - in terms of your asset allocation. An exception for this might be a separate bucket for ...
by DTSC
Fri Dec 26, 2014 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: New Boglehead Seeking Advice
Replies: 16
Views: 1720

Re: handling large market drops

How do you know it won't drop more after a big drop? Phrased another way, how do you know it's the market bottom? Can you really time the market?
by DTSC
Sat Dec 20, 2014 10:32 am
 
Forum: Investing - Theory, News & General
Topic: handling large market drops
Replies: 17
Views: 1814

Re: Home Mortgage payoff

I just paid off my mortgage this week. There is no better feeling than to be debt free and knowing that my family will have a place to live even if I croak today. IMO, it's well worth the few thousand dollars extra you'll make from investing the money instead. Also, you're getting a 3.37% return, wi...
by DTSC
Thu Dec 18, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage payoff
Replies: 22
Views: 2592

Re: Portfolio Assessment? Lurker turned poster

Replying more to give you a bump than to offer great advice. However, I noticed you want to pay 20% down for a home in 2015. Do you have a separate bucket of money earmarked for that? How much will you need? Housing in Chicagoland certainly isn't cheap, so you are easily looking at $40-50K, probably...
by DTSC
Thu Dec 18, 2014 2:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Assessment Help - Retirement Foundations
Replies: 4
Views: 705

Re: Side jobs or hobbies that make you money

I'm a carpenter myself and my best friend is an electrician. I have good friends in HVAC and plumbing as well. Fixing the house up would be no problem. The scary part for me is all the paperwork involved. I know nothing about it as I have never purchased a home. I can go down to the dmv pay $10 wit...
by DTSC
Wed Dec 17, 2014 11:49 pm
 
Forum: Personal Consumer Issues
Topic: Side jobs or hobbies that make you money
Replies: 127
Views: 19065

Re: Flagship

Congrats! An excellent achievement!
by DTSC
Wed Dec 17, 2014 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Flagship
Replies: 22
Views: 2994

Re: Seeking Advice About Self-Employed 401(K) Plan

tfb wrote:Don't debate too long. If you want to contribute for 2014, you must open the plan by 12/31. Remember to make it effective 1/1/2014. This replaces SEP.


tfb,

Thanks for reminding us of the deadline! Also, thanks for the excellent How-to Backdoor Roth article!
by DTSC
Wed Dec 17, 2014 11:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice About Self-Employed 401(K) Plan
Replies: 18
Views: 1449

Re: Seeking Advice About Self-Employed 401(K) Plan

Based on your having many other accounts at Fidelity already, you should probably open your 401K at Fidelity as well. Besides, I know for a fact that you can buy Vanguard ETF's from your Fidelity 401K plan (they call it a Keogh Plan) -- I just bought some VSS this afternoon!
by DTSC
Wed Dec 17, 2014 9:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice About Self-Employed 401(K) Plan
Replies: 18
Views: 1449

Re: What desktop should I buy.

How much do you want to spend? What do you intend to use the computer for?

I'm quite happy with my Dell XPS 8700 with Core i7 processor and 8 GB of RAM. Currently $600-$700 at Costco or Dell's website. Go to hotdealsclub.com or bensbargains.net and watch for deals
by DTSC
Wed Dec 17, 2014 6:13 pm
 
Forum: Personal Consumer Issues
Topic: What desktop should I buy.
Replies: 36
Views: 2717

Re: Seeking Advice About Self-Employed 401(K) Plan

From experience managing my wife's solo 401K plan, Vanguard does not charge any fees - at least they didn't as of 6 months ago. However, we transferred her plan to Fidelity because Fidelity allows IRA rollovers INTO the 401K plan. She had a couple of old IRA's from prior jobs and we wanted roll that...
by DTSC
Wed Dec 17, 2014 6:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice About Self-Employed 401(K) Plan
Replies: 18
Views: 1449

Re: 529 Plan - Need AA Help, Torn between UT, NV, NY plans

I've been very happy with Utah's plan. Great investment choices (including a la carte). Good website. Great customer service. Very competitive low fees. Don't over think this. The key thing is that you're investing now. Thanks! I'll go with Utah then. Appreciate the responses. How do people figure ...
by DTSC
Wed Dec 17, 2014 2:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Plan - Need AA Help, Torn between UT, NV, NY plans
Replies: 10
Views: 825

Re: Camcorder vs. iPhone vs. DSLR Camera

Getting a DSLR is probably the worst thing I did photography-wise. Too big and clunky - it just sits at home. They $5000 camera which you don't have with you won't give you any pictures at all!
by DTSC
Wed Dec 17, 2014 2:18 pm
 
Forum: Personal Consumer Issues
Topic: Camcorder vs. iPhone vs. DSLR Camera
Replies: 39
Views: 2459

Re: 529 Plan - Need AA Help, Torn between UT, NV, NY plans

I've been very happy with Utah's plan. Great investment choices (including a la carte). Good website. Great customer service. Very competitive low fees. Don't over think this. The key thing is that you're investing now.
by DTSC
Wed Dec 17, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Plan - Need AA Help, Torn between UT, NV, NY plans
Replies: 10
Views: 825

Re: Umbrella Liability Insurance - Need it or not?

I have $2M coverage for <$250 per year. I certainly sleep better with this coverage.
by DTSC
Fri Dec 12, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Liability Insurance - Need it or not?
Replies: 49
Views: 4648

Re: Toddlers first flight

anonforthis wrote:So many good ideas and advice. Thank you so much everyone. I"m glad I asked. I will bring goody bags for those around us.


Or you can just offer to buy them a drink (preferably alcoholic!)
by DTSC
Thu Dec 11, 2014 10:53 am
 
Forum: Personal Consumer Issues
Topic: Toddlers first flight
Replies: 30
Views: 1922

Re: Toddlers first flight

One word: iPad

If your toddler is like most, they'll just stare at the thing the entire time and maybe not even notice that s/he is on a plane.
by DTSC
Wed Dec 10, 2014 11:26 pm
 
Forum: Personal Consumer Issues
Topic: Toddlers first flight
Replies: 30
Views: 1922

Re: Just Paid Off My Car

Congratulations!

Now you can get one of these -- http://www.vanguardgear.com/shop/lifestyle/bumper-sticker.html
by DTSC
Wed Dec 03, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just Paid Off My Car
Replies: 24
Views: 2265

Re: Recommendations for online bank?

It isn't a bank. I use Alliant Credit Union. You can join if you are (or claim to be) a PTA (Parent Teacher Association). It has interest checking, currently ~0.6% interest, automatic bill pay. I love having the ability to deposit a check by taking a picture with your cell phone or computer scanner....
by DTSC
Thu Nov 27, 2014 7:59 am
 
Forum: Personal Finance (Not Investing)
Topic: Recommendations for online bank?
Replies: 25
Views: 3344

Re: Honor Societies (any point?)

Depends on how much it costs to join. It never hurts to have a few more letters after your name, if it doesn't cost too much.
by DTSC
Wed Nov 26, 2014 10:14 pm
 
Forum: Personal Consumer Issues
Topic: Honor Societies (any point?)
Replies: 35
Views: 2338

Re: Lamps for S.A.D. problem

I assume you live in the U.S. Here is a list I got from a medical resource for doctors called UpToDate. I have no personal experience with these companies. If you want to PM me your email address, I can send you the full article Hughes Lighting Technologies 34 Yacht Club Drive Lake Hopatcong, NJ 078...
by DTSC
Mon Nov 24, 2014 9:18 pm
 
Forum: Personal Consumer Issues
Topic: Lamps for S.A.D. problem
Replies: 18
Views: 1777

Re: What to prepare for first baby due next month?

Rectal thermometer. Cheap and more accurate than the scan type. . Hold off on the thermometer. Sometimes the hospital will send you out with a kit - such as nail clipper, thermometer, bulb syringe. BTW, it's not unusual for a baby's fingertips to bleed the first time you trim it's nails. Don't feel...
by DTSC
Thu Nov 20, 2014 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: What to prepare for first baby due next month?
Replies: 55
Views: 6877

Re: What to prepare for first baby due next month?

Get adequate life insurance for you and your partner...
by DTSC
Wed Nov 19, 2014 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to prepare for first baby due next month?
Replies: 55
Views: 6877

Re: Grade me

A stay at home spouse can still put $5500 per year into a traditional or Roth IRA
by DTSC
Sat Nov 15, 2014 9:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Grade me
Replies: 12
Views: 1392

Re: Need Help with an Xbox purchase ...

Why don't you ask them? They'll tell you exactly which one to buy.
by DTSC
Sat Nov 15, 2014 9:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need Help with an Xbox purchase ...
Replies: 10
Views: 855

Re: Father of eight hasn’t saved a penny for college

How much can one save after housing, clothing and feeding 8 kids?
by DTSC
Fri Nov 14, 2014 10:00 am
 
Forum: Personal Consumer Issues
Topic: Father of eight hasn’t saved a penny for college
Replies: 47
Views: 2821

Re: Appliance Protection Plan

I never buy the protection plan. I just cross my fingers and hope it doesn't break down before the warranty runs out.

BTW, you might want to shop at abt.com - rated best in Consumer Reports
by DTSC
Fri Nov 14, 2014 12:16 am
 
Forum: Personal Consumer Issues
Topic: Appliance Protection Plan
Replies: 13
Views: 739

Re: Obligation to Parents?

I come from an Asian background and my husband is white. My parents were frugal and managed to save up over a million for retirement on a blue collar salary. So yes, you could say there were responsible. However, due to my sibling basically defrauding them of all their money, and then some serious ...
by DTSC
Thu Nov 13, 2014 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligation to Parents?
Replies: 77
Views: 4340
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